Standard Business Reporting Opens for Business
1 July 2010
Standard Business Reporting(SBR) was launched today for business, offering Australian businesses, accountants, book keepers, tax agents and payroll professionals a quicker and simpler way to complete and lodge reports to government.
The SBRprogram has been under development since 2006 and is expected to save businesses a total of $800 million each year once fully implemented.
Businesses and professionals using SBR-enabled software will be able to pre-fill and complete government forms directly from their own accounting system and lodge electronically to participating government agencies using digital identifier AUSkey. Over 51,000 AUSkeys have been issued in five weeks to over 36,000 Australian businesses.
AUSkey has been co-designed with businesses, accounting professionals, software developers and government agencies as a key component of SBR.
SBR will be used to pre-fill and complete the Business Activity Statement, Tax File Number Declarations, PAYG payment summaries, payroll tax returns and financial statements.
SBR software is built on SSL security, the Security Assertion Markup Language (SAML), the SOAP 1.2 messaging framework, and a Core Services IT platform provided by IBM, which will maintain the platform in accordance with a 12-month, $2.7 million agreement signed in May 2010. Some 240 software developers, including SAP and Oracle, have also been involved in the development of the XBRL standard that underpins the software.
In the 2010-11 Federal Budget, $73.2 million was allocated to the Australian Securities and Investment Commission (ASIC), Australian Taxation Office (ATO), Department of Treasury, and the Australian Prudential Regulation Authority for the maintenance and operation of SBR.
The Government has alsoreleased a software developing kit so that developers could enable Microsoft- or Java-based financial, accounting or payroll software for SBR.SAP Extends Offer to Acquire Sybase, Inc.
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1 July 2010
The NSW Government has shortlisted five potential bidders in the state's data centre consolidation program. The state intends to consolidate 130 data centres into two sites over a 10 year period with... More
Standard Business Reporting Opens for Business
1 July 2010
Standard Business Reporting(SBR) was launched today for business, offering Australian businesses, accountants, book keepers, tax agents and payroll professionals a quicker and simpler way to complete... More
IBM & Dell Invest in IT Infrastructure Management Software
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IBM and Dell each separately announced yesterday acquisitions of IT infrastructure management and data centre automation software companies BigFix and Scalent respectively.
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29 June 2010
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Govt to Act On Queensland Health
29 June 2010
The Queensland Government will implement all seven of the Auditor General's recommendations contained in his report on the troubled Queensland Health payroll implementation.
Queensland Health will... More
HP and Avaya Sign Unified Communications Deal
29 June 2010
HP and Avaya today announced a deal that will see them combine their respective products in a unified communications platform.
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Telstra CIO Quits
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Telstra today confirmed reports that John McInerney (Telstra's CIO since November 2008) had resigned the position effective immediately after several months on leave.
McInerney's deputy Ashley... More
NBN Co Shortlists Fibre Network Builders
23 June 2010
NBN Co today announced it will ask 21 key Australian companies including six utility companies to tender for the progressive rollout of the Fibre Access Network. NBN Co issued a Request for... More
